Ignite Texas

Analysis

Ignite Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ignite Texas reported income of $112k and spending of $150k, spending 134% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $100k to $112k (+13%), an average of +13% a year. Over the whole period it spent 152% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ignite Texas sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Heavenly Light Church Inc ($112k), Way Between Inc ($112k) and Shirdi Sai Society ($112k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 40% of the total. At year end it held assets of $4,330 against liabilities of $0, net assets of $4,330.